Estate and Financial Planning for Baby Boomers

Description

Estate and financial planning for the baby boomer generation requires a focused approach to address retirement, healthcare, and evolving financial priorities. This course provides a practical overview of key tax and financial planning considerations for baby boomer clients, with emphasis on real-world application.

Participants will explore the tax treatment of retirement income, including distributions from qualified plans and IRAs, and the taxation of Social Security benefits. The course also addresses estate and gift tax fundamentals, basis considerations, and planning strategies related to healthcare and long-term care. Practitioners will gain insight into common risks, nontraditional relationships, and economic factors impacting tax-efficient planning for this generation.

Highlights

• Tax planning considerations for the baby boomer demographic
• Taxation of retirement and IRA distributions
• Taxation of Social Security benefits
• Estate and gift tax fundamentals and basis considerations
• Healthcare and long-term care planning considerations
• Economic and planning factors impacting tax efficiency

Objectives

• Identify key tax and financial planing considerations for baby boomer clients
• Recognize the tax implications of distributions from retirement plans and IRAs
• Analyze the taxation of Social Security benefits and its impact on planning
• Evaluate estate and gift tax considerations, including basis and transfer strategies
• Assess healthcare and long-term care planning factors affecting tax outcomes

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers